Coca-Cola Consolidated (NASDAQ:COKE) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Coca-Cola Consolidated, Inc. (NASDAQ:COKE) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1,304.28 and traded as high as $1,429.45. Coca-Cola Consolidated shares last traded at $1,416.00, with a volume of 30,726 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Coca-Cola Consolidated from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 19th.

Coca-Cola Consolidated Stock Performance

The company has a debt-to-equity ratio of 1.39, a current ratio of 2.47 and a quick ratio of 2.15. The company has a 50 day simple moving average of $1,358.36 and a 200-day simple moving average of $1,304.28. The firm has a market cap of $12.34 billion, a PE ratio of 20.27 and a beta of 0.88.

Coca-Cola Consolidated’s stock is going to split before the market opens on Tuesday, May 27th. The 10-1 split was announced on Tuesday, March 4th. The newly created shares will be distributed to shareholders after the closing bell on Friday, May 23rd.

Coca-Cola Consolidated (NASDAQ:COKE) last posted its quarterly earnings results on Thursday, February 20th. The company reported $18.11 earnings per share for the quarter. Coca-Cola Consolidated had a net margin of 9.18% and a return on equity of 49.88%. The business had revenue of $1.75 billion during the quarter.

Coca-Cola Consolidated Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 25th will be given a dividend of $2.50 per share. This represents a $10.00 annualized dividend and a yield of 0.71%. Coca-Cola Consolidated’s payout ratio is 14.32%.

Institutional Trading of Coca-Cola Consolidated

A number of institutional investors have recently made changes to their positions in the stock. Mezzasalma Advisors LLC increased its stake in shares of Coca-Cola Consolidated by 48.3% in the first quarter. Mezzasalma Advisors LLC now owns 666 shares of the company’s stock worth $899,000 after buying an additional 217 shares during the period. Janney Montgomery Scott LLC purchased a new position in shares of Coca-Cola Consolidated in the first quarter valued at about $2,623,000. D Orazio & Associates Inc. bought a new position in shares of Coca-Cola Consolidated during the first quarter valued at about $209,000. Exchange Traded Concepts LLC boosted its holdings in shares of Coca-Cola Consolidated by 6.1% during the first quarter. Exchange Traded Concepts LLC now owns 591 shares of the company’s stock worth $798,000 after purchasing an additional 34 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of Coca-Cola Consolidated by 29.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 1,658 shares of the company’s stock worth $2,238,000 after purchasing an additional 374 shares during the last quarter. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Company Profile

Coca-Cola Consolidated, Inc, together with its subsidiaries, manufactures, markets, and distributes nonalcoholic beverages primarily products of The Coca-Cola Company in the United States. The company offers sparkling beverages; and still beverages, including energy products, as well as noncarbonated beverages comprising bottled water, ready to drink coffee and tea, enhanced water, juices, and sports drinks.